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Trending ETFs

Name

As of 07/12/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.33

$34.5 M

2.88%

$0.45

0.99%

Vitals

YTD Return

8.6%

1 yr return

24.1%

3 Yr Avg Return

6.5%

5 Yr Avg Return

7.5%

Net Assets

$34.5 M

Holdings in Top 10

11.1%

52 WEEK LOW AND HIGH

$16.3
$13.44
$16.68

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 138.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 07/12/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.33

$34.5 M

2.88%

$0.45

0.99%

IEAAX - Profile

Distributions

  • YTD Total Return 8.6%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.39%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AIG Income Explorer Fund
  • Fund Family Name
    AIG
  • Inception Date
    Jul 01, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Timothy Campion

Fund Description

The Fund seeks to achieve its investment objectives primarily by strategically allocating its assets among a preferred securities enhanced index strategy, real estate investment trust (“REIT”) strategy and global dividend equity strategy. Through this combination of investments, the Fund expects to gain exposure to a broad range of income-producing investments.SunAmerica, the Fund’s investment adviser, manages the different portions (or “sleeves”) of the Fund and allocates the Fund’s assets among the different sleeves. When allocating the Fund’s assets across the different sleeves, SunAmerica selects the allocation that it believes is best designed at any given time to provide exposure to high income-producing investments and as such, allocations to the different portions of the Fund may fluctuate depending on market conditions and other factors. Under normal circumstances, SunAmerica intends to allocate approximately 45% of the Fund’s assets to the global dividend equity strategy, approximately 35% of the Fund’s assets to the preferred securities enhanced index strategy and approximately 20% of the Fund’s assets to the REIT strategy. These target allocations may be adjusted by SunAmerica based on market conditions and other factors.The principal investment strategies and principal investment techniques of the Fund may be changed without shareholder approval.Preferred Securities Enhanced Index Strategy (“Preferred Sleeve”). The principal investment technique of the Preferred Sleeve is to employ an enhanced index management strategy which seeks to modestly outperform the S&P U.S. Preferred Stock Index (the “S&P Preferred Index”) over time, while maintaining similar risk characteristics to the S&P Preferred Index. The S&P Preferred Index is comprised of U.S. exchange-traded preferred stocks that meet minimum price, liquidity, trading volume, maturity and other requirements determined by S&P Dow Jones Indices LLC, a subsidiary of S&P Global, Inc. The Preferred Sleeve invests in a diversified portfolio of preferred securities issued by U.S. and foreign companies, which may include traditional preferred securities, hybrid preferred securities and floating rate preferred securities. The Preferred Sleeve may invest in both investment grade and below investment grade securities but anticipates investing predominantly in investment grade securities. The Preferred Sleeve expects to invest a substantial portion of its assets in the financial services sector, which is comprised of the banking, brokerage and insurance industries.The portfolio managers select securities from the S&P Preferred Index by applying certain constraints, such as credit quality and position size limits, and by employing a statistical technique known as “optimization.” Through this selection process, the portfolio managers seek to select a portfolio of securities that will modestly outperform the S&P Preferred Index while maintaining similar risk characteristics to the S&P Preferred Index. Because the Preferred Sleeve uses an enhanced index strategy, not all of the securities in the S&P Preferred Index are included in the Preferred Sleeve, and the Preferred Sleeves’ holdings may be underweight or overweight particular securities, sectors or industries within the S&P Preferred Index. The Preferred Sleeve may engage in active trading of its portfolio securities.REIT Strategy (“REIT Sleeve”). The principal investment technique of the REIT Sleeve is to employ a “buy and hold” strategy with approximately 60 equity REITs selected annually from the FTSE NAREIT All Equity REITs Index (“FTSE REITs Index”). The FTSE REITs Index is a free-float adjusted, market capitalization-weighted index of all tax-qualified U.S. equity REITs with more than 50% of total assets in qualifying real estate assets other than mortgages secured by real property.The portfolio managers select securities from the FTSE REITs Index on the basis of a number of factors including profitability, volatility and size. While the securities selection process will take place on an annual basis, the portfolio managers may, from time to time, substitute certain securities for those selected for the REIT Sleeve or reduce the position size of a portfolio security in between the annual rebalancings under certain limited circumstances. These circumstances will generally include where the value of a security held by the REIT Sleeve becomes a disproportionately large percentage of the REIT Sleeve’s holdings in the discretion of the portfolio managers.The REIT Sleeve will be evaluated and adjusted at the discretion of the portfolio managers on an annual basis. The annual consideration of the securities that meet the selection criteria will take place on or about November 1. Immediately after the Fund buys and sells securities in connection with the REIT Sleeve’s annual rebalancing, the sleeve will hold approximately an equal value of each of the 60 securities. Stated differently, the Fund will invest about 1/60th of the REIT Sleeve’s assets in each of the securities that makes up its portfolio. Thereafter, when an investor purchases shares of the Fund, with respect to the amount allocated to the REIT Sleeve, SunAmerica will generally invest additional funds in the pre-selected securities based on each security’s respective percentage of the sleeve’s assets at the time.The REIT Sleeve employs a strategy to hold securities between its annual rebalancings, even if there are adverse developments concerning a particular security or industry, or the economy or the stock market generally. Due to changes in the market value of the securities held by the REIT Sleeve, it is likely that the weighting of the stocks in its portfolio will fluctuate throughout the course of the year.Global Dividend Equity Strategy (“Global Dividend Sleeve”). The principal investment technique of the Global Dividend Sleeve is to employ a “buy and hold” strategy with approximately 50 high dividend yielding equity securities selected annually from the Morgan Stanley Capital International All Country World Index (“MSCI ACWI Index”). It is expected that the Global Dividend Sleeve will invest primarily in common stocks and, to a lesser extent, preferred stocks, and may invest in companies of any size. It is anticipated that the Global Dividend Sleeve will invest in both U.S. and foreign (non-U.S.) securities, including securities of emerging markets, and that the Global Dividend Sleeve will be invested in a number of different countries.The Global Dividend Sleeve employs in part a value-oriented philosophy in conjunction with its selection of high dividend yielding equity securities. The selection criteria used by SunAmerica to identify high dividend yielding equity securities from the MSCI ACWI Index will generally include dividend yield as well as a combination of factors that relate to profitability and valuation. In addition, during the selection process, the Global Dividend Sleeve’s investment in securities of issuers from any country must be within +/-5% of the MSCI ACWI Index’s weighting to that country. While the securities selection process will take place on an annual basis, the portfolio managers may, from time to time, substitute certain securities for those selected for the Global Dividend Sleeve or reduce the position size of a portfolio security in between the annual rebalancings under certain limited circumstances. These circumstances will generally include where a security held by the Global Dividend Sleeve no longer meets the dividend yield criteria, when the value of a security becomes a disproportionately large percentage of the Global Dividend Sleeve’s holdings or when the Global Dividend Sleeve’s investment exposure to any particular country exceeds +/-5% of the MSCI ACWI Index’s weighting to that country, in each case, in the discretion of the portfolio managers. Any securities substitution in between annual rebalancings will be subject to the relative country exposure requirement described above.The Global Dividend Sleeve will be evaluated and adjusted at the discretion of the portfolio managers on an annual basis. The annual consideration of the securities that meet the selection criteria will take place on or about November 1. Immediately after the Fund buys and sells securities in connection with the Global Dividend Sleeve’s annual rebalancing, the sleeve will hold approximately an equal value of each of the 50 securities. Stated differently, the Fund will invest about 1/50th of the Global Dividend Sleeve’s assets in each of the securities that makes up its portfolio. Thereafter, when an investor purchases shares of the Fund, with respect to the amount allocated to the Global Dividend Sleeve, SunAmerica will generally invest additional funds in the pre-selected securities based on each security’s respective percentage of the sleeve’s assets at the time.The Global Dividend Sleeve employs a strategy to hold securities between its annual rebalancings, even if there are adverse developments concerning a particular security, industry or country, or the economy or the stock market generally. Due to changes in the market value of the securities held by the Global Dividend Sleeve, it is likely that the weighting of the stocks in its portfolio will fluctuate throughout the course of the year.
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IEAAX - Performance

Return Ranking - Trailing

Period IEAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -3.8% 26.4% 26.79%
1 Yr 24.1% -7.2% 61.0% 58.69%
3 Yr 6.5%* -26.7% 17.8% 79.35%
5 Yr 7.5%* 2.5% 16.1% 63.08%
10 Yr N/A* -1.2% 11.6% N/A

* Annualized

Return Ranking - Calendar

Period IEAAX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.1% -21.0% 24.5% 92.22%
2022 17.3% -46.3% 27.8% 9.13%
2021 -14.3% -41.9% 1.5% 82.97%
2020 10.2% -100.0% 20.6% 48.01%
2019 7.7% -17.0% 209.2% 10.70%

Total Return Ranking - Trailing

Period IEAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -3.8% 26.4% 26.79%
1 Yr 17.0% -7.9% 61.0% 85.86%
3 Yr 4.4%* -26.7% 17.8% 88.91%
5 Yr 6.2%* 2.1% 16.1% 80.78%
10 Yr N/A* -1.2% 11.6% N/A

* Annualized

Total Return Ranking - Calendar

Period IEAAX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.1% -21.0% 24.5% 92.22%
2022 17.9% -46.3% 27.8% 6.90%
2021 -10.1% -41.9% 1.5% 52.04%
2020 14.9% -100.0% 23.1% 34.75%
2019 12.4% -9.5% 216.9% 9.01%

NAV & Total Return History


IEAAX - Holdings

Concentration Analysis

IEAAX Category Low Category High IEAAX % Rank
Net Assets 34.5 M 14 K 109 B 88.75%
Number of Holdings 192 2 2692 57.85%
Net Assets in Top 10 4.03 M -105 M 20.2 B 92.25%
Weighting of Top 10 11.14% 9.3% 100.0% 97.19%

Top 10 Holdings

  1. GlobalWafers Co Ltd 1.71%
  2. GlobalWafers Co Ltd 1.71%
  3. GlobalWafers Co Ltd 1.71%
  4. GlobalWafers Co Ltd 1.71%
  5. GlobalWafers Co Ltd 1.71%
  6. GlobalWafers Co Ltd 1.71%
  7. GlobalWafers Co Ltd 1.71%
  8. GlobalWafers Co Ltd 1.71%
  9. GlobalWafers Co Ltd 1.71%
  10. GlobalWafers Co Ltd 1.71%

Asset Allocation

Weighting Return Low Return High IEAAX % Rank
Stocks
62.81% -12.12% 100.00% 58.05%
Preferred Stocks
34.73% 0.00% 34.73% 0.60%
Cash
1.48% -2574.68% 127.83% 78.93%
Other
0.99% -2.27% 197.15% 32.41%
Convertible Bonds
0.00% 0.00% 35.15% 91.05%
Bonds
0.00% -15.70% 2607.35% 96.22%

Stock Sector Breakdown

Weighting Return Low Return High IEAAX % Rank
Real Estate
33.22% 0.00% 81.85% 9.13%
Consumer Defense
17.89% 0.00% 31.77% 3.04%
Technology
16.66% 0.00% 40.44% 45.64%
Healthcare
11.48% 0.00% 30.22% 40.57%
Communication Services
5.81% 0.00% 29.45% 73.63%
Industrials
5.40% 0.15% 35.13% 91.89%
Basic Materials
4.44% 0.00% 58.84% 75.46%
Consumer Cyclical
3.82% 0.00% 78.61% 78.50%
Financial Services
1.28% 0.00% 27.15% 90.47%
Utilities
0.00% 0.00% 33.88% 98.38%
Energy
0.00% 0.00% 38.75% 99.59%

Stock Geographic Breakdown

Weighting Return Low Return High IEAAX % Rank
US
44.15% -8.41% 100.00% 13.12%
Non US
18.66% -3.71% 58.86% 85.69%

IEAAX - Expenses

Operational Fees

IEAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.06% 3.83% 58.28%
Management Fee 1.00% 0.00% 1.90% 95.12%
12b-1 Fee 0.35% 0.00% 1.00% 56.57%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

IEAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 25.27%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IEAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IEAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 138.00% 0.00% 464.61% 83.01%

IEAAX - Distributions

Dividend Yield Analysis

IEAAX Category Low Category High IEAAX % Rank
Dividend Yield 2.88% 0.00% 6.26% 68.44%

Dividend Distribution Analysis

IEAAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

IEAAX Category Low Category High IEAAX % Rank
Net Income Ratio 3.39% -2.24% 7.33% 10.17%

Capital Gain Distribution Analysis

IEAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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IEAAX - Fund Manager Analysis

Managers

Timothy Campion


Start Date

Tenure

Tenure Rank

Jul 01, 2013

8.0

8.0%

Mr. Campion joined SunAmerica in February 2012. Before joining SunAmerica, he held investment-related positions at PineBridge Investments, LLC, and AIG Investments where he was part of the asset allocation team. While there, he was also responsible for management and trading of a wide variety of index funds, including domestic and international equities and fixed-income securities. Mr. Campion received a B.A. in History from Middlebury College. His investment experience dates from 1996

Timothy Pettee


Start Date

Tenure

Tenure Rank

Oct 18, 2013

7.7

7.7%

Mr. Pettee is Senior Vice President, Chief Investment Officer and Chief Investment Strategist at SAAMCo and heads its Rules-Based Investments Team. Prior to SunAmerica, Mr. Pettee was Executive Vice President and Global Director of Research for Schroder Investment Management. Prior to Schroder, he was Director of Research with U.S. Trust Company of New York and co-managed that firm’s small-cap retail funds and research core products. He also held several positions in research and portfolio management at Alliance Capital Management.

Andrew Sheridan


Start Date

Tenure

Tenure Rank

Oct 18, 2013

7.7

7.7%

Mr. Sheridan, Vice President, Portfolio Manager and Senior Research Analyst, joined SAAMCo in 2003. In addition to his portfolio management responsibilities, Mr. Sheridan is a member of the SAAMCo research team, covering the technology industry. Prior to joining SunAmerica, he worked in the research department at U.S. Trust and the market research division of Greenwich Associates.

Jane Bayar Algieri


Start Date

Tenure

Tenure Rank

Dec 17, 2019

1.54

1.5%

Ms. Bayar joined SunAmerica Asset Management, LLC in 2004. She is a Portfolio Manager on index and social funds. Previously at SunAmerica Asset Management, LLC. Ms. Bayar was an equity analyst and assistant portfolio manager on fixed income funds. Ms. Bayar received her B.A. from Baruch College and her M.B.A. from Rutgers School of Business.

Elizabeth Mauro


Start Date

Tenure

Tenure Rank

Dec 17, 2019

1.54

1.5%

Elizabeth Mauro joined SunAmerica in 2017 and is a fixed income trader. Before joining the firm, she held several capital markets positions at Bank of New York Mellon Corporation, with product coverage in the Commercial Paper, Yankee CD, U.S. Treasuries, Agency Discount Notes, Bullets, and short-term Corporates categories. Elizabeth received a B.A. in Government from Smith College. Her investment experience dates back to 2011

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 29.52 6.37 8.5